Powell spoke - markets are turbulent:
• The Fed may consider easing if the labor market continues to weaken.
• The economy is slowing, employment is under pressure.
• Tariffs no longer seem to pose a serious threat to inflation - the effect is likely to be short-term.
• The key rate is close to neutral, and the Fed has room to maneuver.
⚡️Markets are reacting sharply - volatility will only increase.